The Labour donor accused the Energy Secretary of putting “ideology before the economy” and questioned whether he had a grasp of “even the basic notion of value for money”.
Miliband’s spending record in the Department for Energy Security and Net Zero (DESNZ) demonstrated his economic incompetence, Vince told the Telegraph.
In particular, the green energy entrepreneur criticised the decision to commit tens of billions of pounds to heat pumps and carbon capture technology, the latter of which remains largely unproven on a global scale.
“It’s about economic competence,” he said. “It’s about having an understanding of even the basic notion of value for money. I question whether he has that when you look at spending decisions like carbon capture and storage.
“It’s madly uneconomic so this makes me question whether he’s putting ideology in front of [the] economy. We need something else from a Chancellor and someone who is more business-like.”
Since his appointment as Energy Secretary in July 2024, Miliband has committed to spending billions of taxpayer cash on green energy technologies as part of his mission to achieve clean power by 2030....<<<Read More>>>...
